CYANCONNODE HOLDINGS PLC — Remuneration Information 2016

Jul 7, 2016

National Storage Mechanism | Additional information

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RNS Number : 4807D

Cyan Holdings Plc

07 July 2016

Cyan Holdings plc

("CyanConnode" or the "Group")

Issue of Options

CyanConnode (AIM:CYAN.L), the world leader in narrowband RF mesh networks for Omni Internet of Things communications, announces that it has awarded options to acquire ordinary shares of 0.01 pence per share in the Group ("Options") to John Cronin, Executive Chairman, to Simon Smith, Chief Financial Officer, and to Harry Berry, Non-Executive Director and to certain other employees of the Group, including Connode employees following the completion of the acquisition of Connode as announced on 1 July 2016,  as follows:

Name	Position	Current number of Options held	Exercise Price of current Options (in pence per share)	Number of new Options granted	Exercise price (in pence per share)	Total number of Options now held	Per cent. of current issued share capital
John Cronin	Executive Chairman	76,560,756 101,689,440	0.3       0.42	387,580,509	0.25	565,764,961	4.00%
		178,250,196
Simon Smith	Chief Financial Officer	42,006,335 26,149,218	0.3        0.42	148,249,545	0.25	216,405,098	1.53%
		68,155,553
Harry Berry	Non-Executive Director	5,000,000 7,000,000 22,320,884	0.38      0.29     0.28	74,588,871	0.25	108,909,755	0.77%
		34,320,884

The Options for all three directors are exercisable as to 33 per cent. of the issued amount from 1 July 2017 and 33 per cent. of the issued amount on 1 July for each of the following two years.

The Options will lapse if unexercised after 10 years from the date of grant.  The Options have been issued at an exercise price of 0.25 pence per share, which represents a 39 per cent. premium to the Placing price of 0.18 pence approved by shareholders at the General Meeting held on 30 June 2016 and a premium of 40.8 per cent. to the closing market price on 6 July 2016, being the day before the options were issued. The Options already held by all three directors are at significant premiums to the current share price and can be seen in the table above.

The Options listed above are the only share options currently held by each of John Cronin, Simon Smith and Harry Berry, and represent a total of 6.3 per cent. of the issued share capital following admission to AIM on 1 July 2016 of the 7,026,259,138 new ordinary shares issued pursuant to the Placing announced on 14 June 2016 (the "current issued share capital").

In addition to the Options, the directors above have the following interests in ordinary shares in the company:

Name	Amount invested to date (£)	Amount to be invested via salary sacrifice from July 2016 to June 2017 (£)	Total invested/to be invested through to July 2017 (£)	No of ordinary shares in July 2017	Percentage of current issued share capital
John Cronin	417,290	374,009	791,299	386,135,926	2.73%
Simon Smith	352,677	152,920	505,597	210,833,244	1.49%
Harry Berry	113,600	89,009	202,609	95,330,380	0.67%
TOTAL	883,567	615,938	1,499,505	692,299,550	4.89%

Following the above grants, the total number of ordinary shares under option represents 13.5 per cent. of the current issued share capital of the Group.

Enquiries:

Cyan Holdings plc	www.cyantechnology.com
John Cronin, Executive Chairman	Tel: +44 (0) 1954 234 400
Cantor Fitzgerald Europe NOMAD and Joint Broker
Andrew Craig / Richard Salmond Beaufort Securities Limited Joint Broker Jon Belliss	Tel: +44 (0) 20 7894 7000 Tel: +44 (0) 20 7382 8300
Walbrook PR (Investor Relations)
Paul Cornelius / Nick Rome	Tel: +44(0) 20 7933 8780 cyanconnode@walbrookpr.com

This information is provided by RNS

The company news service from the London Stock Exchange

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